Spread betting – the week ahead in forex, equities, indices and commodities

A mix of macroeconomic and earnings to look forward to this week. First up, preliminary GDP data from Japan for the second quarter will offer some more clues about how much progress has been made since the Bank of Japan cut rates into negative territory. Japan’s economy expanded at an annualised rate of 1.7% in the first quarter, but the Japanese cabinet office has cut its growth forecast for the year from 1.7% to 0.9%.

Tuesday sees minutes from the latest Reserve Bank of Australia (RBA) meeting. With speculation mounting that the central bank will cut again and even launch “unconventional” easing, these minutes will be closely watched. On the same day, UK inflation for July will be examined for any signs that the post-Brexit slump in sterling has fed through to higher prices.

Come Wednesday the US will be back in focus with the minutes from the last Federal Reserve meeting due to be released. After two months of standout job numbers, investors will want to see any signals that the Fed is more inclined to raise interest rates this year.

On the earnings front, Cisco and HP represent tech stocks, while retailers Home Depot, Target and Gap are among the other big US releases. It’s quieter in Europe but there are still a few FTSE firms to watch.

 

Economic Calendar

(All times are BST)

Monday, August 15th

All day – French and Italian Assumption Day holiday

00:50 – Japan preliminary GDP data for Q2

Tuesday, August 16th

Tentative – UK inflation report hearings

02:30 – RBA meeting minutes

09:30 – UK CPI inflation

10:00 – German ZEW Economic Sentiment

13:30 – US CPI inflation

Wednesday, August 17th

09:30 – UK unemployment data

15:30 – US crude oil inventories

19:00 – FOMC meeting minutes

Thursday, August 18th

09:30 – UK retail sales

10:00 – Eurozone final CPI inflation

13:30 – Philly Fed Manufacturing Index

Friday, August 19th

13:30 – Canada CPI inflation

Earnings Calendar

 

Monday, August 15th

UK – Bovis Homes Group - (S1/2016), EPS estimate 0.417

Tuesday, August 16th

US - Home Depot (HD) – Q2/2017, EPS estimate 1.967

Wednesday, August 17th

UK – Admiral Group (ADM) – S1/2016, EPS estimate 0.539

UK – Balfour Beatty (BBY) – S1/2016

US - Cisco Systems (CSCO) – Q4/2016, EPS estimate 0.599

US - HP (HPQ) – Q3/2016, EPS estimate 0.436

US - Staples (SPLS) – Q2/2017, EPS estimate 0.120

US - Target (TGT) – Q2/2017, EPS estimate 1.129

Thursday, August 18th

US - Gap (GPS) – Q2/2017, EPS estimate 0.566

US - Wal-Mart (WMT) – Q2/2017, EPS estimate 1.018

Friday, August 19th

US - Foot Locker (FL) – Q2/2017, EPS estimate 0.905

Source: Bloomberg